As of Friday close, Driven Brands Holdings Inc.’s (NASDAQ:DRVN) stock was down -$0.24, moving down -1.81 percent to $13.04. The average number of shares traded per day over the past five days has been 2,106,440 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.61 fall in that time frame. In the last twenty days, the average volume was 1,470,695, while in the previous 50 days, it was 1,793,750.
Since last month, DRVN stock retreated -11.23%. Shares of the company fell to $12.98 on 09/22/23, the lowest level in the past month. A 52-week high of $32.97 was reached on 04/28/23 after having rallying from a 52-week low of $13.15. Since the beginning of this year, DRVN’s stock price has dropped by -52.25% or -$14.27, and marked a new high 17 times. However, the stock has declined by -60.45% since its 52-week high.
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DRVN stock investors should be aware that Driven Brands Holdings Inc. (DRVN) stock had its last reported insider trading activity 116 days ago on May 30. Fitzpatrick Jonathan G., the Chief Executive Officer of the company, purchased of 42,000 shares for $23.76 on May 30. It resulted in a $997,920 investment by the insider. Ferrera Gary W added 4,000 shares at an average price of $24.23 on May 25. The insider now owns 63,101 shares following the transaction.
Valuation Metrics
Right now, Driven Brands Holdings Inc. (DRVN) has a P/E ratio of about 16.32. The stock’s beta is 1.00. Besides these, the trailing price-to-sales (P/S) ratio of 0.99, the price-to-book (PB) ratio of 1.22.
Financial Health
In the three months ended June 29, Driven Brands Holdings Inc.’s quick ratio stood at 1.00, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.59, and the total debt-to-equity ratio was 1.61. On the profitability front, the trailing twelve-month gross margin is 45.80% percent. In the year ended June 29, EBITDA margin amounted to 24.38%, whereas operating margins totaled 15.10%. Based on annual data, DRVN earned $879.52 million in gross profit and brought in $2.03 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.00%. Return on equity (ROE) for the past 12 months was 8.00%.
In Driven Brands Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $2.78 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DRVN’s revenue rose 16.19% to $562.47 million during the quarter, while net income inched up to $606.85 million. While analysts expected Driven Brands Holdings Inc. to report $0.31 quarterly earnings, the actual figure was $0.29 per share, beating the consensus estimate by -6.50%. During the quarter, the company generated $144.99 million in EBITDA. The liabilities of Driven Brands Holdings Inc. were 5.1 billion at the end of its most recent quarter ended June 29, and its total debt was $4.13 billion. The value of shareholders’ equity is $167.53 million.
Technical Picture
This quick technical analysis looks at Driven Brands Holdings Inc.’s (DRVN) price momentum. With a historical volatility rate of 18.67%, the RSI 9-day stood at 22.91% on 22 September.
With respect to its five-day moving average, the current Driven Brands Holdings Inc. price is down by -4.47% percent or -$0.61. At present, DRVN shares trade -9.00% below its 20-day simple moving average and -57.48% percent below its 100-day simple moving average. However, the stock is currently trading approximately -52.74% below its SMA50 and -56.49% below its SMA200.
Stochastic coefficient K was 2.37% and Stochastic coefficient D was 2.41%, while ATR was 0.47. Given the Stochastic reading of 3.17% for the 14-day period, the RSI (14) reading has been calculated as 23.98%. As of today, the MACD Oscillator reading stands at -0.21, while the 14-day reading stands at -0.39.
Analyst Ratings
Driven Brands Holdings Inc. downgraded its rating on Driven Brands Holdings Inc. (NASDAQ: DRVN) to a Mkt perform in a note to investors on August 02, 2023. The analysts firm previously had an Outperform rating on the stock.Driven Brands Holdings Inc. (DRVN) has been rated Overweight by analysts. According to 0 brokerage firms, DRVN is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Driven Brands Holdings Inc. stock as buy, with 8 recommending it as overweight.
With a median target price of $23.00, the current consensus forecast for the stock is $20.00 – $31.00. Based on these forecasts, analysts predict Driven Brands Holdings Inc. (DRVN) will achieve an average price target of $23.36.
